With Europe set to reach 789.2GWh of lithium-ion battery gigafactory production by 2030, what does the US need to do to keep up?

The world’s largest combined lithium-vanadium battery energy storage system (BESS), the Energy Superhub Oxford (ESO), will soon start fully trading in the UK’s electricity market, showcasing the potential of hybrid assets.

Northvolt has agreed to acquire a site in Sweden where it will develop its planned gigafactory, capable of producing 100GWh of cathode materials.

News in brief from around the world in energy storage.

With batteries at the heart of its plans, utility ScottishPower wants to make Glasgow the UK’s first ‘net zero energy’ city, in collaboration with Glasgow City Council.

IT giant Cisco is leading a consortium to demonstrate vehicle-to-grid (V2G) technologies in the UK market.

The new mission focuses on local manufacturing across the whole supply chain for electric vehicles (EV) including battery and cell manufacturing while also supporting clean energy and storage uptake.

The global energy storage market will grow to a cumulative 942GW/2,857GWh capacity by 2040, attracting US$620 billion in investment, caused by sharply decreasing battery costs, according to a Bloomberg NEF (BNEF) report.

EDF Energy has partnered with Nissan to launch a new energy storage proposition using second life batteries with the utility’s proprietary demand side response (DSR) platform in the latest high profile collaboration in the UK energy sector.

Automotive Energy Supply Corporation (AESC) and NEC Energy Devices, the Nissan Motor Co’s electric battery business jointly operated with NEC Corporation, and NEC Corporation’s own lithium-ion battery business respectively, have been sold to China’s Envision.